ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Housing Market Intro/Summary After writing the last Housing Market Review, I was convinced a triple top had appeared in the iShares US Home Construction ETF (ITB). The May sell-off in the stock market pushed ITB into a breakdown below its 50-day moving average (DMA). Immediately after that post, ITB rebounded right through its 50DMA and … Read more
Housing Market Intro/Summary In several posts on the housing market, I made the case for a top in the stocks of home builders and pointed out the parallel weaknesses in the housing data. Last week, the iShares US Home Construction ETF (ITB) appeared to confirm what looks like a triple top in the index. Not … Read more
Housing Market Intro/Summary In the March Housing Market Review, I described how the iShares US Home Construction ETF (ITB) was breaking out despite an unimpressive collection of housing data (in the aggregate and trendwise). Last month, I updated my analysis of the seasonal trading strategy for home builders and pointed out the historical tendency for … Read more
Housing Market Intro/Summary In the January Housing Market Review, I described a pause in the bad housing data long enough to allow the stocks of home builders to rally sharply with the stock market. The iShares US Home Construction ETF (ITB) was testing resistance at its 200-day moving average (DMA); that moment turned out to … Read more
Housing Market Intro/Summary {This post marks the last one impacted by the previous U.S. government shutdown. I delayed publishing until I gathered a complete set of January’s housing market data. At the time of writing February’s data are rolling in}. In the January Housing Market Review, I described a pause in the bad housing data … Read more